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DEFIANCE ASSIGNMENT AND ASSUMPTION AGREEMENT This DEFIANCE ASSIGNMENT AND ASSUMPTION AGREEMENT (the Agreement) dated as of (the Defiance Closing Date), is executed by and among (i), a (Borrower),

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What is defeasance assignment and assumption?

Defeasance assignment and assumption is a legal document that transfers a property's debt obligations from the borrower to a third party.

Who is required to file defeasance assignment and assumption?

The borrower or the party assuming the debt obligations is required to file defeasance assignment and assumption.

How to fill out defeasance assignment and assumption?

Defeasance assignment and assumption can be filled out by providing details of the property, the borrower, the third party assuming the debt, and the terms of the transfer.

What is the purpose of defeasance assignment and assumption?

The purpose of defeasance assignment and assumption is to transfer the debt obligations of a property to a third party, relieving the borrower of those obligations.

What information must be reported on defeasance assignment and assumption?

Defeasance assignment and assumption must include details of the property, the borrower, the third party assuming the debt, and the terms of the transfer.

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